Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.028%

Price spread now: Variational Omni against Lighter RH+0.013%7-day average +0.049% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$2 on $10k

Price spread, last 7 days−0.035%−$3 · spread now +0.013%, 7d avg +0.049%

Together, before fees−0.020%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.035% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.049%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH AMZN	259.93	0.0032	pay 0.0004% / 1h	14m 10s	$739K	$1.6M	10x
Short	Variational Omni AMZN	259.96	0	get 0.0000% / 8h	14m 10s	$1.8M	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter RH. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee Variational OmnibpOrdersPrice spread, now +0.013%Rate

Funding earned: −$6.72
Price spread: +0.013% → +0.049%: −$3.54
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.26
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 4 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter RH live order book, 4 min ago	1.15 bp	2.3 bp −$2	6.8 bp −$68	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.12 bp	doesn't fit	14.2 bp −$142	doesn't fit	doesn't fit

AMZN on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff AMZN-PERP	−0.0008%	1h	259.83	−0.038%	$33K	—	20x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.90	−0.012%	$202K	$207K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	260.01	+0.031%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.80	−0.050%	$765K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.07	+0.054%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZNshort	0.0000%	8h	259.96	+0.013%	$1.8M	$1.1M	—
GRVT AMZN_USDT_Perp	0.0000%	8h	259.97	+0.016%	$10K	$1.8M	10x	as long as short
Deribit AMZN_USDC-PERPETUAL	0.0000%	1h	259.80	−0.050%	$29K	$173K	10x	as long as short
Binance AMZNUSDT	+0.0020%	8h	260.02	+0.035%	$16.0M	$29.4M	20x	as long as short
Extended AMZN_24_5-USD	+0.0024%	1h	259.96	+0.010%	$498K	$3.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AMZNlong	+0.0032%	1h	259.93	long leg	$739K	$1.6M	10x
Arcus AMZN-USD	+0.0040%	1h	259.86	−0.027%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.83	−0.038%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.85	−0.031%	$30.0M	$11.2M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.83	−0.038%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.96	+0.012%	$682	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.73	−0.077%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0050%	1h	259.91	−0.008%	$1.4M	$3.6M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.88	−0.019%	$916K	$2.3M	10x	as long as short
BloFin AMZN-USDT	+0.0080%	8h	259.98	+0.019%	$178K	$301K	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.72	−0.081%	$1.5M	$393K	20x	as long as short
ApeX Omni AMZNUSDT	+0.0100%	1h	259.81	−0.046%	$93K	$130K	50x	as long as short
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.94	+0.004%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.88	−0.020%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0115%	1h	259.79	−0.052%	$414K	$114K	20x	as long as short
Lighter AMZN	+0.0152%	1h	259.93	−0.002%	$749K	$1.3M	20x	as long as short
Bybit AMZNUSDT	+0.0181%	8h	260.08	+0.058%	$4.0M	$3.3M	100x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.68	−0.096%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.99	+0.023%	$5K	$78K	20x	as long as short
edgeX AMZNUSDC	+0.0465%	4h	259.94	+0.005%	$28K	$250K	10x	as long as short